Ethereum Price Prediction as Holesky Testnet Fails to Launch – Is It All Over for ETH?
The price of Ethereum (ETH) has stalled at $1,636 today, with the altcoin rising by only 0.3% in 24 hours and 1.5% in a week....
- The price of Ethereum (ETH) has stalled at $1,636, rising only 0.3% in 24 hours and 1.5% in a week.
- The delay in launching the Holesky testnet due to technical issues has not significantly affected ETH's price.
- ETH's chart and indicators suggest a potential sustained rebound, with oversold conditions and signs of price recovery.
- ETH's support level has climbed, indicating a possible bottoming out.
- The successful launch of Holesky may provide the rally that didn't occur last week.
- ETH is still priced at a discount and is expected to reach $1,700 in the next few weeks, with further growth by 2023.
- Traders may also consider newer altcoins with stronger potential for gains, such as Bitcoin BSC (BTCBSC).
The sentiment of the article is generally positive, highlighting the potential for a recovery in Ethereum's price and the opportunities in newer altcoins like Bitcoin BSC.